Tech Workers are Increasingly Taking Contract Jobs

Getty Images / Vox

A growing number of workers are going freelance, taking higher wages over benefits and job security. Christine Ruiz left her 9-to-5 job last summer to do the same work as a contractor instead. In both places, she’s a compliance manager, the person who makes sure a company’s software doesn’t run afoul of any policies.

But Ruiz wanted to pursue an advanced degree and believed that switching from regular employment to freelance would give her more flexibility. She, like many of the independent workers we spoke with, was also lucky enough to maintain health care coverage through her spouse.

“In years past, it maybe would have stressed me out a little bit more,” Ruiz said, “It’s worked out really well for me during this time period.” Ruiz is one of many high-skill workers who has found reasons to leave traditional employment for independent work, which can include contract, freelance, and any other contingent or non-traditional employment arrangements.

This type of work is generally considered less stable, and it lacks many of the benefits and protections that typical jobs have, like health care and unemployment insurance. That means it’s better suited to workers who have a financial or family cushion. But there’s also more flexibility in when and where people work, as well as a higher hourly wage. Many are interpreting this proposition as sufficiently worth the risk of going independent.

Companies like the idea, too. They’re increasingly incorporating the use of high-skilled, high-paid contractors — IT managers, software engineers, data analysts, accountants, nurses, lawyers, finance professionals — into their business plans, as a less expensive way to get talent with in-demand skill sets who typically have lots of options in a tight hiring market.

Companies are often willing to pay these people more on an hourly basis in exchange for getting to hire them for short-term contracts. “It’s a little bit chicken or the egg: Is it that the new workers, the millennials, the Gen Zs are preferring to have more freedom and better work-life balance, or is that really where the best opportunities are for their skill sets?” said Andrew Bartolini, founder and chief research officer at supply management research firm Ardent Partners.

Part of what’s leading more people to independent work is that regular employment doesn’t look so hot right now in certain industries. After a recent round of layoffs at the biggest, most profitable tech companies, including Amazon and Google, some workers are finding themselves unemployed and struggling to find the reasons why, when many of them were considered high-performers, at the top of their field.

These once-hot tech companies are starting to behave a lot like the rest of stodgy corporate America, making cuts simply to appease investors. Meanwhile, traditional industries are calling workers, who had done their jobs from home during the pandemic, back to the office in what can seem like an arbitrary power play. All of a sudden, contract work isn’t looking so bad…..Continue reading…

Rani Molla is a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.

Source: Tech workers are increasingly taking contract jobs – Vox

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VidRaffle   https://jvz2.com/c/202927/386840/
VidSnatcher    https://jvz3.com/c/202927/342585
VidVoicer    https://jvz1.com/c/202927/379983/
Vidzura   https://jvz4.com/c/202927/385754/
Viral dash   https://jvz6.com/c/202927/375959
Viral Quotes      https://jvz2.com/c/202927/386984/
VirtualReel   https://jvz8.com/c/202927/376849
Vocalic  https://jvz2.com/c/202927/383848/
VoiceBuddy    https://jvz1.com/c/202927/342854
Voiclet   https://jvz4.com/c/202927/388755/
VR Studio  https://jvz8.com/c/202927/388296/
WebCop  https://jvz4.com/c/202927/378683/
Webinarkit   https://jvz3.com/c/202927/383937/
Webprimo   https://jvz1.com/c/202927/379455/
WordPress Mastery   https://jvz1.com/c/202927/386249/
WowBackgraounds   https://jvz2.com/c/202927/381556/
WP GDPR    https://jvz8.com/c/202927/299907
WP Simulator    https://jvz3.com/c/202927/46987/
Writer Arc   https://jvz1.com/c/202927/386602/
writing job   https://jvz8.com/c/202927/213027
XBrain Forex   https://jvz3.com/c/202927/372305/
XFUNNELS   https://jvz2.com/c/202927/310335
Xinemax  https://jvz1.com/c/202927/381749/
YoDrive   https://jvz2.com/c/202927/384700/
YoSeller  https://jvz3.com/c/202927/387544/
Your 3DPal   https://jvz2.com/c/202927/381685/
YTSuite   https://jvzoo.com/c/202927/381179
Zappable   https://jvz6.com/c/202927/367328/
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